Bata India Ltd, the largest footwear retailer and a leader in the footwear industry in India, continues on its strong growth momentum, posting an impressive 62.60 % increase in net profit for Q2 07, as compared to Q2 06.
The company has reported a net profit of Rs. 11.74 crore on, in the quarter ending June'07, as compared to Rs. 7.22 crore in the corresponding quarter of 2006. The company recorded a turnover of Rs 255.60 crore in Q2 07, a 12.3 % increase over the Rs. 227.62 crore in Q2 06.
The restructuring and the re-engineering measures of Bata India Ltd. continue to yield positive results and this has been reflected in the good performance of the company. The company's progressive initiatives including investments in new format stores, trendy collections and opening our stores 7 days a week have resulted in a healthy 16.3 % sales increase in our retail stores.
In line with the aggressive retail expansion strategy, Bata has opened 21 new stores so far in this year. Bata has consistently delivered improved results for the last 9 quarters and the positive trend continues in this quarter as well.
Bata India Ltd's joint venture real estate project with Calcutta Metropolitan Group Ltd to develop 262 acres land in Batanagar into a world class integrated township has also been progressing well.
A brand backed by quality and trust, Bata is the largest footwear retailer in India with more than 1200 stores across the country. To maintain its leadership position and growth, the company is on a major expansion spree and plans to add 200 new stores in next 2 years.
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